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Ardor / Bitcoin

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ARDRBTC trade ideas

Ardor Trading At New Lows | OversoldArdor (ARDRBTC) just hit a new All-Time Low yesterday after a very strong decline. There are still no reversal signals but a low might be in... Let's take a look. Look at the light blue squares, we have long-wicks each time the bottom support was hit and a soon after a bullish wave followed. There is bullish divergence with the MACD and the RSI reached extremely low/weak/oversold. After a small period of consolidation, 4-9 days, we are likely to see Ardor (ARDRBTC) move higher. The red dashed line at the bottom can be used as the main support and stop-loss. If prices move below this line the above signals are invalidated. Thanks a lot for reading. Namaste.
Long
by MasterAnanda
5
ARDR Channel. Reversal zones. Risk / Profit 1: 5ARDR price moves for a long time in lateral movement in the channel 50%. The price has approached the bottom of the channel, it may still fall to the local minimum of the channel at 470. This is an important zone highlighted in red. If the price breaks through this zone and fixes under it (channel support), then a new good entry point will have to wait a long time. It is also worth noting that the coin is very volatile and easy to shoot Stop Loss. There is a high probability that this will happen before the price reversal. TARGET and ENTRANCE 1) From the bottom of the channel. Trading in the channel. Growth potential + 40-50% 2) Entrance to the breakout or pullback after the breakthrough of the channel resistance. The upside to the first resistance is + 25%. It is worth noting that this is a pump coin and with a trend reversal, growth can be hundreds of percent. What has been repeatedly. Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
by SpartaBTC